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Europe Daily Bulletin No. 7772

4 August 2000
GENERAL NEWS / (eu) eib/italy
EIB acquires EUR 20 million in Tlcom venture capital, established in collaboration with Morgan Bank

Luxembourg, 03/08/2000 (Agence Europe) - The European Investment Bank announced the acquisition of a EUR 20 million stake in the close-end TLcom venture capital fund, specialised in venture capital aimed at Italian high technology companies expanding into the telecommunications and Internet sectors.

This concerns one of the first operations carried out under the "Innovation 2000 initiative" adopted last June by the EIB Board of Governors (see EUROPE of 5 and 6 June, p.10), so as to promote...

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